Aave (AAVE) is 83138.9× the size of Trava Finance (TRAVA) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 27 shared trading days). TRAVA has been the more volatile of the two, at 455% annualised against AAVE's 87%.
TRAVAAAVE
0.46over 27 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | TRAVA | AAVE |
|---|---|---|
| Max drawdown (400d) | -99.8% | -79.5% |
| Risk-adjusted return (90d) | -0.22 | 0.51 |
| Best 30 days (past year) | — | +56.3% |
| Worst 30 days (past year) | — | -42.7% |
Relative strength over 90 days: AAVE outperformed TRAVA by 99.6% — measured on the TRAVA/AAVE ratio, so it holds regardless of market direction.